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now a hike in the national gas tax could be part of the fin al compromise to avoid the fiscal cliff. can you believe it? republican senator james improve joins us with reaction. >>> how been a assault rifle under the christmas tree? black friday shopping blows away records for gun sales. one g store rep is here to explain why because i'm not sure i get it. >>> will the keystone xl pipeline make it or not? the final public hearing is just days away. pressure is mounting on president obama to approve the new route. ceo of transcanada is here for a fox business exclusive. even when they say it's not it is always about money melissa: first let's take a look at the day's market headlines. stocks bit it for the second straight day senate majority leader harry reid indicated that little progress has been made in recent fiscal iff talks. big surprise there. so you're welcome, investors. the major intoday sees slid on the news and the dow fell 89 points. >>> shares of green mountain coffee are skyrocketing after-hours. the company solidly beat expectations for fiscal fourth quarter earnings,
now a hike in the national gas tax could be part of the fin al compromise to avoid the fiscal cliff. can you believe it? republican senator james improve joins us with reaction. >>> how been a assault rifle under the christmas tree? black friday shopping blows away records for gun sales. one g store rep is here to explain why because i'm not sure i get it. >>> will the keystone xl pipeline make it or not? the final public hearing is just days away. pressure is mounting on...
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>>> plus r we seeing the first signs of republicans giving ground on the fiscal cliff? oklahoma's tom cole, a member of congress says the grand old party should take president obama's party. doo extend bush tax cuts for all but the top 2%. that's a sign some republicans may be open to higher rates for the rich. >>> is it possible negotiators could learn something from the most important movie out there right now "lincoln." doris good win joins us. >>> let me finish with how lincoln outlawed slavery for good and how de it using politics. this is "hardball," the place for politics. with the spark cash card from capital one, olaf gets great rewards for his small business! pizza! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve great rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? he loves risk.
>>> plus r we seeing the first signs of republicans giving ground on the fiscal cliff? oklahoma's tom cole, a member of congress says the grand old party should take president obama's party. doo extend bush tax cuts for all but the top 2%. that's a sign some republicans may be open to higher rates for the rich. >>> is it possible negotiators could learn something from the most important movie out there right now "lincoln." doris good win joins us. >>> let me...
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Nov 28, 2012
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more on the fiscal cliff as americans on all levels have to prepare to take the tax hit. i hope it doesn't, but i'm going to break it down next. ♪ [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the rit attorney to help guie you along, answer any questions and offer advice. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal protection. in most states, a legal plan attorney is available with every personalized docunt tanswer any questions. get started at legalzoom.com today. and now you're protected. get started at legalzoom.com today. why they have a raise your rate cd. toght our guest, thomas sargent. nobel laureate in economics, and one of the most cited economisists in the world. what cd rates will be in two years? no. if he can't, no one can. that's why ally has a
more on the fiscal cliff as americans on all levels have to prepare to take the tax hit. i hope it doesn't, but i'm going to break it down next. ♪ [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the rit attorney to help guie you along, answer any...
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Nov 28, 2012
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let's start with when it comes to the fiscal cliff and the mandate the president believes he has on taxes, we understand that, is the democratic base going to accept changes in medicare? >> well, you know, chuck, we need to work through a process. the president has a balanced deficit reduction plan already on the table that includes a medicare savings and medicaid savings, about $340 billion. over the course of the next ten years including savings we've already put in place, that's more health care savings than even simpson-bowles achieves. so if we want balanced deficit reduction, we have to look at everythi everything. everything that needs to be on the table. the mandate that the president has, and i think he said this after the election, his mandate is to protect the middle class and help people enter and stay in the middle class. how do we do that? make sure medicaid is there in the future, that it is as strong and efficient to carry -- >> but he's going to be open to changes to all of this stuff? >> he has a plan on the table, so it's a little bit of a discussion that we've already
let's start with when it comes to the fiscal cliff and the mandate the president believes he has on taxes, we understand that, is the democratic base going to accept changes in medicare? >> well, you know, chuck, we need to work through a process. the president has a balanced deficit reduction plan already on the table that includes a medicare savings and medicaid savings, about $340 billion. over the course of the next ten years including savings we've already put in place, that's more...
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. >> reporter: other than that, tamron, the president's day consumed with the fiscal cliff. the pr campaign he has now trying to get past republican opposition to raising taxes on the wealthy, tamron. >> mike, thank you very much. moving along to the further conversation on susan rice, joining me now, joel reuben, mike smerkonish and erin mcpike. thank you all for joining me. you have people at this point wondering if this is all about the battle that some republicans see ahead for the nomination of secretary of state and it's no longer about the benghazi investigation. i ask this question based on remarks made by susan collins today, senator corker and senator john mccain all related to the secretary of state position. let me play all of these comments together and get your reaction. >> i would need to have additional information before i could support her nomination. >> i would just ask the president to step back for a moment and realize that all of us here hold the secretary of state to a very different standard than most cabinet members. >> john kerry came been a whisper
. >> reporter: other than that, tamron, the president's day consumed with the fiscal cliff. the pr campaign he has now trying to get past republican opposition to raising taxes on the wealthy, tamron. >> mike, thank you very much. moving along to the further conversation on susan rice, joining me now, joel reuben, mike smerkonish and erin mcpike. thank you all for joining me. you have people at this point wondering if this is all about the battle that some republicans see ahead for...
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the rest of the program will focused on the so-called fiscal cliff and the bush era tax rates. our guest will include alex from the mesh enterprise substitute and e than poll lick with the economic policy substitute. washington journal is live on c-span every day at 7:a.m. eastern. >>> on 16 or 17 bases in the united states we have military -- [inaudible] the average cost to agent dmield that school per year is $50,000. almost four times what the rest of the public education costs. and many -- the vast majority of our bases we use public schools. we can take the money we're spending today, pay every public school system $1 4,000 per child and save billions of dollars per year. and with the same or better outcomes. >>> this weekend you can take with oklahoma stater tom coburn about the fiscal cliff. on booktv in-depth. the senator is written several books including the latest "the debt bomb" join the three-hour conversation your call, e-mails, face and comments. live sunday at noon eastern on booktv in-depth on c-span2. >>> former florida governor jeb bush called for higher educ
the rest of the program will focused on the so-called fiscal cliff and the bush era tax rates. our guest will include alex from the mesh enterprise substitute and e than poll lick with the economic policy substitute. washington journal is live on c-span every day at 7:a.m. eastern. >>> on 16 or 17 bases in the united states we have military -- [inaudible] the average cost to agent dmield that school per year is $50,000. almost four times what the rest of the public education costs. and...
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one is obama care taxes kick in january 1st. there are three aspects to that fiscal cliff. the third aspect is the obama care taxes that are coming. there's a 3.8% increase on capital gains, on dividends, interest income for people making 200,000 or more. that's already coming. that's baked in the cake. what the president wants is an additional tax increase rate increase on the same group of people he's already put a rate increase on in january. we're pushing back saying they are taking a hit in january based on the obama care taxes. why talk about a double tax rate increase? second thing to remember in 2007 we spent a trillion dollars less than we spent this year. the revenue is almost identical. 2007 to this year. the issue is not can we raise more taxes. the issue is we increased spending a trillion dollars and our simple push is to say why don't we look at spending? that's the major issue. we can't keep raising taxes and saying we'll just keep raising taxes as long as we raise spending. we're overspending. everyone is looking at congressional republicans saying what are
one is obama care taxes kick in january 1st. there are three aspects to that fiscal cliff. the third aspect is the obama care taxes that are coming. there's a 3.8% increase on capital gains, on dividends, interest income for people making 200,000 or more. that's already coming. that's baked in the cake. what the president wants is an additional tax increase rate increase on the same group of people he's already put a rate increase on in january. we're pushing back saying they are taking a hit...
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cuts for the rich to end end. >> caller: i think this whole fiscal cliff thing is a conspiracy of cartoonists. easier to draw a cliff, i guess. i've seen so many of them. but this again one of these self-constructed crises that congress is really good at building. there is a real easy way out of it, and i think actually we're seeing a little bit of movement on the republican side that might make it pretty easy to get over it. with tom coal the republican from oklahoma saying that we just ought to go ahead and pass the tax cuts for the 98% and then fight for the rest of it later. that's what we've been saying on our side. we can do that if five minutes. >> stephanie: that's what nancy pelosi said, extending middle class tax cuts wrought further delay. she said we remain optimistic that we're going to reach an agreement, are you? >> i was less optimistic before tom cole made a statement. tom is held in pretty high regard. he's not what is generally considered a moderate on the republican side. he's a very, very good guy and member of the bourbon caucus, by the way. >> stephanie: ha ha, hee hee.
cuts for the rich to end end. >> caller: i think this whole fiscal cliff thing is a conspiracy of cartoonists. easier to draw a cliff, i guess. i've seen so many of them. but this again one of these self-constructed crises that congress is really good at building. there is a real easy way out of it, and i think actually we're seeing a little bit of movement on the republican side that might make it pretty easy to get over it. with tom coal the republican from oklahoma saying that we just...
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any solution to the impending fiscal cliff must be a bipartisan effort that fairly weighs the concerns of both parties. we must find a way to come together right now. the severe spending cuts and looming tax increases require it. nevada is already struggling to overcome the highest rates of unemployment, foreclosures and bankruptcies in the nation. the threat of this fiscal cliff and any failure to find a solution would have a real and negative impact on the recovery in my state. in the days following the election, i received phone calls from job creators in nevada concerned about this fiscal cliff. these business owners told me that this fiscal cliff would be too much for nevada. their employees are already bearing the brunt of congress's inaction. finding a solution, they told me. cut a deal. the devastating effect this fiscal cliff would have on nevada's small businesses would simply be too much for their businesses and the small business sector in nevada to handle. there are a number of issues that republicans and democrats can work together to address immediately. first, we must s
any solution to the impending fiscal cliff must be a bipartisan effort that fairly weighs the concerns of both parties. we must find a way to come together right now. the severe spending cuts and looming tax increases require it. nevada is already struggling to overcome the highest rates of unemployment, foreclosures and bankruptcies in the nation. the threat of this fiscal cliff and any failure to find a solution would have a real and negative impact on the recovery in my state. in the days...